SYDNEY — BHP Group Ltd shares rose sharply on Monday, closing at $65.18 after gaining 2.25 or 3.58%, as strong copper prices and broader commodity sector optimism lifted the mining giant amid a favorable global risk environment.
The advance extended recent gains for Australia’s largest listed company by market capitalization, reflecting investor confidence in BHP’s diversified portfolio and exposure to metals critical for the energy transition. Copper’s sustained strength has been a key driver, with the red metal benefiting from robust demand in electric vehicles, renewable energy infrastructure and data centers.
BHP has significantly expanded its copper production profile in recent years through acquisitions and organic growth, positioning the company to capitalize on structural supply deficits expected in the coming decade. Iron ore operations continue to provide stable cash flow, while emerging potash projects add further diversification.